https://cityofracine.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8070319&GUID=BEEB6D54-FB63-4136-8603-881C27C54625Legistar15https://cityofracine.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8070319&GUID=BEEB6D54-FB63-4136-8603-881C27C54625BEEB6D54-FB63-4136-8603-881C27C54625-2026-06-25-16-19-38Title: Subject: (Direct Referral) Communication sponsored by Mayor Mason, requesting that the Mayor and City Clerk be granted permission to execute a Management Agreement for the Racine Civic Centre between the City of Racine and 5KEvents.Org, LLC, under its subsidiary Festival Park, LLC, under the terms presented. Recommendation of the Mayor: That the Mayor and City Clerk be authorized and directed to execute a Management Agreement for the Racine Civic Centre between the City of Racine and 5KEvents.Org, LLC, under its subsidiary Festival Park, LLC, under the terms presented, for the period ending December 31, 2027. Fiscal Note: This item will require an amendment to the City of Racine 2026 annual budget. Annual base management fee is $150,000 per year. Annual operating subsidy is $225,000 for 2026 and $237,000 for 2027. Funding for the 2026 management fee from Account 60686 52290 Management Fee, was authorized under the 2026 annual budget. Funding for $200,000 of the 2026 operating subsidy from Account 60686 52285 Operating Subsidy was authorized under the 2026 annual budget. The adThu, 25 Jun 2026 16:19:38 GMT